BERLIN, (Reuters) – The Group of Seven’s finance ministers want to present a package of aid for Ukraine worth 15 billion Euro ($15.8billion) at their Bonn conference this week. A senior German government official spoke Tuesday.

This package will cover three months. It mainly consists of short-term financing arrangements in the form grants. These, unlike loans, do not need to be repaid.

According to the official, half the US aid had been offered in grants of $7.5 billion.

Christian Lindner, German Finance Minister was quoted saying earlier that discussions were also taking place among Western countries about whether Russia should be allowed to contribute towards the long-term, massive task of rebuilding Ukraine.

Lindner, a German journalist and businessman Handelsblatt interviewed Lindner about the possibility of seizing Russian Central Bank assets.

Lindner said, “In the matter of private assets we must see what legally possible.” Even if dealing with Russian oligarchs, we must respect the rule and law.”

Some EU officials have called for Russia’s assets to be used as reconstruction funds for Ukraine, which includes some $300 billion worth of Russian central bank deposits.

There are however reservations as to whether this move is allowed on both sides. Dmitry Peskov, a Kremlin spokesperson said that it was “outright theft”

Unidentified U.S. Treasury officials spoke on condition of anonymity to say that there are legal, precedent-setting, and political issues that need to be considered. They also mentioned that the possibility that freezing assets confiscated could hinder negotiations for an end to war.

Washington’s current focus is on Ukraine’s immediate needs in the coming three months, rather than large-scale reconstruction and asset disposition.

($1 = 0.9496 euro)